Tapestry Inc (TPR) CEO Sells $6,191,475.60 in Stock
Tapestry Inc (NYSE:TPR) CEO Victor Luis sold 123,780 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $50.02, for a total transaction of $6,191,475.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Tapestry Inc (NYSE:TPR) traded up $0.34 on Wednesday, reaching $50.49. 2,590,000 shares of the company traded hands, compared to its average volume of 3,130,000. The firm has a market capitalization of $14,360.00, a price-to-earnings ratio of 45.08, a price-to-earnings-growth ratio of 1.73 and a beta of 0.59. Tapestry Inc has a 52-week low of $37.53 and a 52-week high of $50.99. The company has a current ratio of 1.90, a quick ratio of 1.51 and a debt-to-equity ratio of 0.64.
Tapestry (NYSE:TPR) last released its quarterly earnings data on Tuesday, February 6th. The luxury accessories retailer reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.21. Tapestry had a net margin of 6.14% and a return on equity of 23.68%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. Tapestry’s quarterly revenue was up 35.1% on a year-over-year basis. equities analysts anticipate that Tapestry Inc will post 2.56 EPS for the current year.
A number of research firms have weighed in on TPR. Piper Jaffray Companies set a $48.00 price objective on shares of Tapestry and gave the company a “hold” rating in a research report on Monday, February 5th. William Blair reissued an “outperform” rating on shares of Tapestry in a research report on Tuesday, February 6th. Barclays increased their price target on shares of Tapestry from $47.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 7th. Robert W. Baird set a $49.00 price target on shares of Tapestry and gave the stock a “buy” rating in a research report on Tuesday, October 17th. Finally, Zacks Investment Research raised shares of Tapestry from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.23.
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Tapestry Company Profile
Tapestry, Inc, formerly Coach, Inc, is a design house of luxury accessories and lifestyle collections. The Company’s product offering uses a range of leathers, fabrics and materials. The Company’s brands include Coach, Kate Spade, and Stuart Weitzman. Its segments include North America, International and Stuart Weitzman.
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